Marine Credit Union has completed the acquisition of 10 branches from Old National Bank through a purchase agreement announced in April 2018. The branches opened as Marine Credit Union yesterday, after the sale closed on Friday, Oct. 26, and the integration completed over the weekend. Marine acquired approximately $240 million in deposits through the sale.
“Marine’s acquisition of the Old National Bank branches aligns with our growth strategy. We are excited for the opportunity to serve more members in our new branches who need our help. We can deliver value to these new markets,” said Shawn Hanson, CEO of Marine Credit Union.
Marine is committed to continue operating locations and serving members in all markets involved in the acquisition. Marine currently has offices in Chippewa Falls, Eau Claire and Prairie du Chien, with nearby Old National Bank locations involved in the acquisition. For ease and efficiency, Marine will consolidate to a single office in those communities by the end of the year.